BlackRock TCP Capital Corp. (NASDAQ: TCPC) is -10.05% lower on its value in year-to-date trading and has touched a low of $9.34 and a high of $12.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TCPC stock was last observed hovering at around $10.25 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $10.38, the stock is -0.13% and -5.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 1.27% at the moment leaves the stock -7.89% off its SMA200. TCPC registered 6.90% gain for a year compared to 6-month loss of -9.30%.
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The stock witnessed a -7.82% gain in the last 1 month and extending the period to 3 months gives it a -10.13%, and is 1.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.03% over the week and 1.76% over the month.
Current P/E ratio is 15.59 and Fwd P/E is 6.58. Profit margin for the company is 18.40%. Distance from 52-week low is 11.12% and -17.85% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).
BlackRock TCP Capital Corp. quarterly earnings per share for the current quarter are estimated at $0.44 with sales reaching $52.95M over the same period.The EPS is expected to grow by 517.00% this year, but quarterly earnings will post 9.60% year-over-year. Quarterly sales are estimated to grow 5.30% in year-over-year returns.
146 institutions hold shares in BlackRock TCP Capital Corp. (TCPC), with institutional investors hold 16.63% of the company’s shares. The shares outstanding are 85.59M, and float is at 85.40M with Short Float at 2.19%. Institutions hold 16.60% of the Float.
The top institutional shareholder in the company is Barings LLC with over 1.6 million shares valued at $17.49 million. The investor’s holdings represent 2.78% of the TCPC Shares outstanding. As of Jun 29, 2023, the second largest holder is Van Eck Associates Corporation with 0.9 million shares valued at $9.8 million to account for 1.55% of the shares outstanding. The other top investors are Millennium Management Llc which holds 0.82 million shares representing 1.41% and valued at over $8.9 million, while Bank of America Corporation holds 1.35% of the shares totaling 0.78 million with a market value of $8.49 million.
